Types of Degrees Majors Are Getting

The following table lists how many business statistics graduations there were for each degree level during the last year for which data was available.

Education Level	Number of Grads
Master’s Degree	3,143
Bachelor’s Degree	670
Graduate Certificate	438
Basic Certificate	43
Undergraduate Certificate	20
Associate Degree	12
Doctor’s Degree	7

What Majors Need to Know

O*NET surveyed people in occupations related to business statistics and asked them what knowledge areas, skills, and abilities were important for their jobs. The responses were rated on a scale of 1 to 5 with 5 being most important.

Knowledge Areas for Business Statistics Majors

This major prepares you for careers in which these knowledge areas are important:

• Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
• English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
• Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
• Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
• Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Skills for Business Statistics Majors

When studying business statistics, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

• Speaking - Talking to others to convey information effectively.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Mathematics - Using mathematics to solve problems.

Abilities for Business Statistics Majors

As you progress with your business statistics degree, there are several abilities you should pick up that will help you in whatever related career you choose. These abilities include:

• Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
• Written Comprehension - The ability to read and understand information and ideas presented in writing.
• Written Expression - The ability to communicate information and ideas in writing so others will understand.
• Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
• Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

What Can You Do With a Major?

People with a business statistics degree often go into the following careers:

Job Title	Job Growth Rate	Median Salary
Statisticians	33.9%	$87,780

Who Is Getting a Bachelor’s Degree in ?

This major attracts more men than women. About 65% of the graduates in this field are male.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of business statistics majors is as follows:

Race/Ethnicity	Number of Grads
Asian	78
Black or African American	24
Hispanic or Latino	40
White	404
International Students	75
Other Races/Ethnicities	49

Geographic Diversity

Americans aren’t the only ones with an interest in Business Statistics. About 11.2% of those with this major are international students.

How Much Do Majors Make?

Salaries According to BLS

Average salaries range from $63,240 to $92,600 (25th to 75th percentile) for careers related to business statistics. This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Amount of Education Required for Careers Related to

Some careers associated with business statistics require an advanced degree while some may not even require a bachelor’s. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to business statistics have obtained the following education levels.

Education Level	Percentage of Workers
Bachelor’s Degree	16.4%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.	1.2%
Master’s Degree	39.4%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level.	0.9%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.	0.2%
Doctoral Degree	38.7%
Post-Doctoral Training	4.5%

Online Programs

The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level	Colleges Offering Programs	Colleges Offering Online Classes
Certificate (Less Than 1 Year)	0	0
Certificate (1-2 years)	6	0
Certificate (2-4 Years)	0	0
Associate’s Degree	5	1
Bachelor’s Degree	33	10
Post-Baccalaureate	0	0
Master’s Degree	76	19
Post-Master’s	6	0
Doctor’s Degree (Research)	2	0
Doctor’s Degree (Professional Practice)	0	0
Doctor’s Degree (Other)	0	0

Is a Degree in Worth It?

The median salary for a business statistics grad is $87,140 per year. This is based on the weighted average of the most common careers associated with the major.

This is 118% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $944,800 after 20 years!

Majors Related to

You may also be interested in one of the following majors related to business statistics.

Major	Number of Grads
Management Science	24,983
Other Management Sciences and Quantitative Methods	16,666
Actuarial Science	2,055

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

• College Factual
• College Scorecard
• National Center for Education Statistics
• O*NET Online
• U.S. Bureau of Labor Statistics
• Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
• Image Credit: By в±® under License

More about our data sources and methodologies.